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Which of the following statements is TRUE? a. Present value decreases as interest rates decrease and the compounding frequency increases. b. Present value decreases as

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Which of the following statements is TRUE? a. Present value decreases as interest rates decrease and the compounding frequency increases. b. Present value decreases as interest rates decrease and the compounding frequency decreases. c. Present value decreases as interest rates increase and the compounding frequency increases. d. Present value decreases as interest rates increase and the compounding frequency decreases

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